December 2019 - Page 2 of 7 - CannabisNewsWire

MondayDec 23, 2019 4:20 pm

420 with CNW – Michigan Retailers Sell Recreational Weed Worth $3M in First Two Weeks

It is the second week of marijuana sales in Michigan, and although the lines are not long, and the sales have reduced, the adult-use marijuana business remains brisk. Reports from the Marijuana Regulatory Agency in Michigan show that the few numbers of retail marijuana outlets selling recreational marijuana have been able to collect a total of $3.1 million in sales so far. The businesses located in Ann Arbor were able to collect $1.6 million in sales during the first week of recreational marijuana sales, which took place between December 1-8. During the second week of recreational cannabis sales, which was…

MondayDec 23, 2019 11:26 am

MCTC Holdings Inc. (MCTC) CEO Praises Cannabis Infusion Technology Company’s Direction in Year-End Shareholder Letter

MCTC Holdings Inc. is raising a toast to its advances and plans for 2020 in a year-end letter to shareholders that recaps the company’s management restructuring and change in strategy during the past year MCTC has filed for a fifth patent for its Hemp You Can Feel product line as it continues developing mechanisms for using microparticle and nanoparticle technology to make cannabinoid compound delivery to the bloodstream more effective The company is preparing to change its company identity to Cannabis Global, Inc., and to introduce several new direct product offerings based on its IP technologies, including glycosides and nanoparticles…

MondayDec 23, 2019 4:20 am

420 with CNW – Two More Polls Show Americans Support Marijuana Legalization

The majority of U.S. citizens are in favor of broad marijuana legalization, revealed two new national surveys. A Fox News poll found that 63 percent of the poll survey participants are in support of the legalization of recreational marijuana across the country while 34 percent are against the marijuana reform policy. There were 1,000 respondents, and the survey was conducted through phone interviews in the month of December. A Marist survey involved 1,744 respondents and was conducted in partnership with NPR and PBS. The poll was also held this month, from the 9th to the 11th. The survey findings showed…

FridayDec 20, 2019 4:20 pm

420 with CNW – New Jersey Lawmakers Approve 2020 Marijuana Legalization Referendum

On Monday, the majority of New Jersey lawmakers approved the 2020 ballot question seeking to legalize recreational marijuana, meaning that the voters are the ones to decide on marijuana legalization during the 2020 elections. The ballot question was passed by 49-24 votes in the Democrat-led Assembly, while in the Senate, the measure was approved by 24-16 votes. Although Governor Phil Murphy is in favor of marijuana legalization, it is not a must for the proposal to go before him. The approved question asks the voters if they approve the consumption and possession of adult-use marijuana by people above the age…

FridayDec 20, 2019 4:20 am

420 with CNW – Top 5 Holiday Destinations for Marijuana Lovers

Marijuana destinations are a trend that is accelerating in the travel industry across the globe. This is because marijuana fans are always on the lookout for the next adventure and they love trying out new things. If you are a weed fan and you are looking to go on a cannabis vacation, get your gear ready because listed below are the five best marijuana destinations. Colorado, USA The legalization of recreational marijuana and sale of marijuana in the U.S. was first done in Colorado and the state is the largest medical marijuana market in the United States. Cannabis is cultivated…

ThursdayDec 19, 2019 4:20 pm

420 with CNW – Tech Companies Launch First Digital Payment Platform for Marijuana

For several years since American states started legalizing marijuana, the most significant challenge has been the issue of dealing with finance since financial institutions such as banks and credit unions were wary of conducting business with marijuana companies. This is because marijuana is classified as a Schedule 1 drug under the Controlled Substances Act, hence making it illegal. The marijuana industry has been forced to operate on a cash basis due to a lack of access to financial institutions, and this has led to a load of challenges such as slower payments and vulnerability to theft. The inability of marijuana…

ThursdayDec 19, 2019 10:13 am

ChineseInvestors.com Inc. (CIIX) CEO Talks Company Milestones, Goals, Plans to Capitalize on CBD Opportunity

Featured on SmallCapVoice.com interview, Warren Wang outlines plans for CIIX subsidiary, CBD Biotech Inc. CBD Biotech one of few players in China’s fast-growing CBD market Company to focus on hemp/CBD-infused cosmetic products ChineseInvestors.com Inc. (OTCQB: CIIX) provides prominent financial information for Chinese-speaking investors in both China as well as the United States. The company is also a leading hemp retailer looking to capitalize on the growing market for hemp/CBD products in China. During a recent SmallCapVoice.com interview, CIIX CEO Warren Wang provided updates about CIIX as well as its subsidiary, CBD Biotech (http://cnw.fm/v1kML). In the interview, Wang explains the enormous market…

ThursdayDec 19, 2019 4:20 am

420 with CNW – Marijuana Production Legalized in Zambia

The Zambian government has approved a proposal seeking to legalize marijuana production in the African country. The marijuana cultivated in Zambia would be strictly used for medicinal purposes and exportation. Annual license fees for companies looking to operate marijuana businesses in Zambia will be $250,000. Only those whose bids are successful will be awarded commercial permits to grow and export cannabis. According to the Health Minister Chitalu Chilufya, the government would issue medical marijuana licenses once companies have presented evidence and assurance of their cultivation process to the point where patients can use the end product without inducing the psychoactive…

WednesdayDec 18, 2019 4:20 pm

420 with CNW – Florida Lawmakers Continue Debating Edibles and Other Marijuana Issues

The lawmakers in Florida approved the use of marijuana edibles more than two years ago, and this week, the health officials set in motion their plans of making the treats available in retail outlets. The most commonly used marijuana-infused treats by patients and recreational users include cookies, gummies, and lollipops in states that have already legalized the marijuana. The Department of Health in Florida announced that they developed regulations for products that will be allowed and those that will not be approved; however, they have not released the details. It will be a while before Floridians can access some edibles…

WednesdayDec 18, 2019 2:10 pm

USA CBD Expo 2020 to Celebrate in Vegas as Hemp Legalization Turns One Year Old

Could there be any place better than Vegas to gather for a CBD celebration? No, according to the organizers of USA CBD Expo 2020, the nation’s largest CBD and hemp event. The trade show, scheduled for February 13-15, 2020, at the Las Vegas Convention Center, will feature some 500 branded products from more than 300 vendors, including some of the top names in the market. That’s not all! A number of leading figures from fields as disparate as advertising, agriculture, branding, law and regulations will share their expertise and analyses with attendees. The event will feature countless business and networking opportunities.…